What Is a Social Security Wage Base?

The social security contribution base is 60% -300% of the average social wage. For example, the average social wage is 1,000 yuan, and the paid base can be 600-3000 yuan. ^[1] The situation in Shanghai in 2004 is an example. The average monthly salary in 2003 was 1,847 yuan.

Social Security Payment Base

Calculation method

Generally, my salary income in the previous year is the base for payment.

(1) The salary income of employees is higher than the local last year

Every year, social security will verify the social security base at a fixed time (March or July, different regions), and release the latest minimum and maximum bases. Generally speaking, companies help employees pay the lowest base of social security. Of course, some companies will pay employees based on the average salary of the previous year as the base.

You can check the latest social security base from the local social security bureau according to the latest release time. In addition, you can query the national social security base through third-party software.

Notice on the use of the 2014 basic pension insurance base for employees

In accordance with the spirit of the "Notice of Zhejiang Province Human Resources and Social Security Department on Promulgating the 2013 Annual Average Wage of On-the-job Workers in the Province" (Zherenshehan [2014] No. 43), the annual average wage of on-the-job workers in our province in 2013 The total social unit of the unit) is 44513 yuan.

According to the "Regulations on Basic Pension Insurance of Employees in Zhejiang Province" and "Interim Measures on Basic Endowment Insurance of Public Institutions at the Same Level in Jiaxing", the individual monthly payment base of basic pension insurance for employees is lower than the average monthly salary of employees in the province by 60% in the previous year. It is determined according to 60%, that is, 2225 yuan, and higher than 300% is determined according to 300%, that is, 11,130 yuan. Except for the lower limit of the payment base (2225 yuan), the adjusted monthly payment base is rounded up to zero digits (for example, the average monthly salary is 3001 yuan and the activation is 3,000 yuan; the monthly average wage is 4006 yuan and the activation is 4010 yuan). Available from June.

After the new base is brought into use, the standard for endowment insurance premiums will be adjusted accordingly in accordance with the requirements of relevant documents. The proportion of repayment from 2010 to 2013 is 22%, and the monthly repayment amount is 816 yuan. The proportion of repayment is 2009, which is 23%, and the monthly repayment amount is 853 yuan. %, The monthly repayment amount is 1039 yuan. ^[2]